So, not about Tesla, I understand and appreciate the words of wisdom here regarding portfolio allocation. This issue has been on my mind a lot. I believe XMFRob and others, over the years, were asked to not post their portfolios here due to ‘extreme’ % in just a few companies.
About Elon Musk, what I’ve discovered:
Like everyone else, I don’t understand Elon Musk’s tendency to make statements that appear to me to be careless musings of a madman. However, every time I chase down a story about what he’s said that was seemingly inexplicable and there have been many, I either found that his statement was quickly remedied by his apology and actions or was more often completely falsely reported in the first place. Why he’s so careless? I can only imagine that genius is actually closely associated with madness. I recommend if you’re going to invest in Tesla, follow his actions, not so much what he’s been reported to have said, even if it turns out that he did actually say it.
I’ll just add, Charlie Munger only ever personally held three positions, two companies and a lot of Apartment Buildings. I do wish I felt more confident about investing into additional companies.
Best
Jason